Oklo’s (OKLO) “Outperform” Rating Reaffirmed at Wedbush

Wedbush reaffirmed their outperform rating on shares of Oklo (NYSE:OKLO) in a research note issued to investors on Tuesday,Benzinga reports. Wedbush currently has a $45.00 price objective on the stock.

A number of other equities research analysts have also recently issued reports on OKLO. Citigroup increased their target price on shares of Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Craig Hallum started coverage on shares of Oklo in a report on Tuesday, January 28th. They set a “buy” rating and a $44.00 price objective for the company. Finally, B. Riley boosted their target price on Oklo from $27.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $44.25.

Oklo Trading Down 6.9 %

Shares of NYSE:OKLO opened at $28.77 on Tuesday. The business’s fifty day moving average price is $36.13 and its two-hundred day moving average price is $24.36. Oklo has a fifty-two week low of $5.35 and a fifty-two week high of $59.14.

Institutional Trading of Oklo

Several hedge funds have recently modified their holdings of OKLO. TD Waterhouse Canada Inc. acquired a new position in Oklo during the 4th quarter worth $27,000. Sandy Spring Bank bought a new stake in shares of Oklo during the fourth quarter worth $32,000. CoreCap Advisors LLC acquired a new position in shares of Oklo during the fourth quarter valued at $32,000. Covestor Ltd bought a new position in Oklo in the fourth quarter valued at about $34,000. Finally, Anfield Capital Management LLC acquired a new stake in Oklo in the fourth quarter worth about $43,000. 85.03% of the stock is owned by institutional investors.

About Oklo

Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.